Russia Wants to Start a Brics Gold and Silver Exchange
PM Posts | Timing is everything…
Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
Market Recap
Gold: $2735.51 up 20.45
Silver: $33.635 dn 0.05 (2:45p.m.)
Updated prices here
With the dollar weaker, Bonds higher, and Copper strong there is no mathematical explanation for Silver and Gold to diverge like this except for someone once again is buying Gold and selling Silver pre-election. This is also something done during debt-ceiling plays. Frankly, considering the USD undid all its gains yesterday, it is surprising Gold is not a little higher; suggesting there might still be some selling lurking post BRICS summit.
Have a good evening
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